Want to trade in my car for a lease......still owe money on my car but I was wondering can I still lease with no money down even though I still owe money on my old car.
2007-04-21 19:17:30 · 2 answers · asked by miss_tay313 1 in Cars & Transportation ➔ Buying & Selling
Are you upside down on your car? In other words, do you owe more on the car than you can get for a trade in? If yes, then the zero down may still apply but the monthly rate will increase.
Can you sell your car and pay off the loan with the proceeds? This would be your best bet.
With regards to the lease, remember that you are only allowed so many miles during the lease and if you go over the limit, they charge something like 20 cents a mile. It may not sound like much but figure it out. They may also charge you extra money when you turn the lease in. They consider it abnormal wear and tear, if it has stains in the seats, or carpet, and there are dents in the body. Make sure you understand the lease terms before you sign. Read it first, don't just sign it because they throw it in front of you and say sign this. That would be stupid, on your part. good luck.
2007-04-21 19:28:49 · answer #1 · answered by Fordman 7 · 0⤊ 0⤋
way upside down will anyone give me a loan for a different car
2015-01-15 15:27:07 · answer #2 · answered by Chris O 1 · 0⤊ 0⤋